What types of home upgrades most enhance resale value?

What types of home upgrades most enhance resale value?

Michael Corbett (Real Estate Expert) gives expert video advice on: What is real estate development, or 'flipping'?; What is 'real estate speculating'?; Who can engage in real estate flipping? and more...

When looking for a property to flip, to find the one with the greatest potential for profit, I look for a house that has lifestyle upgrades. Now what that means is a house that has the ability to increase in value by increasing the liveability in a house. Those things aren't necessarily the most expensive fixes. For example, in a metropolitan city, if you have a home that is sort of near the street but set back a little bit, you want to create a wonderful fence with wisteria vines and a sense of privacy. Or putting in hedges around the backyard to create a backyard oasis. Those are lifestyle upgrades that don't really cost a lot of money, but they increase the value and the perceived value of the house. So looking for houses with lifestyle upgrades such as those, those are the houses that really will make you the greatest profit potential.